II.2.3) Place of performance
NUTS code:
UK
II.2.4) Description of the procurement
The contract is for a global delivery partner for the Climate Finance Accelerator 2 (CFA 2) to manage, oversee and deliver the programme. The programme will provide technical support to eligible projects.
CFA 2 aims to increase the flow of predominantly private sector climate finance to support low-carbon climate resilient projects with sustainable development benefits and, in doing so, support the implementation of supported countries’ climate mitigation efforts. To meet this objective, the CFA 2 delivery partner will develop a high-volume pipeline of bankable projects in Emerging Markets and Developing Economies (EMDEs) that dovetail with upstream progress (e.g. policy/regulatory reform) to enable the investment environment. Working closely with investors, CFA 2 will increase investor interest and appetite to engage with and invest in low-carbon projects in supported countries.
The elements of the Statement of Requirements to be delivered by the supplier are listed below:
Workstream A: Global management and oversight
1) Element 1 - Establishment of global operations
2) Element 2 - Confirmation of country delivery approach
3) Element 3 - Stakeholder management
4) Element 4 - Regional and UK events
5) Element 5 - Knowledge products and sharing
6) Element 6 - Monitoring and Evaluation
7) Element 7 - Reporting
8) Element 8 - Programme management and governance
Workstream B: Country delivery and project support
9) Element 9 - Landscape review and establishment of country operations
10) Element 10 - Project selection
11) Element 11 - Provision of project specific support
12) Element 12 - Sustainable embedding of the CFA markers within local financial ecosystems
II.2.5) Award criteria
Price
II.2.11) Information about options
Options:
Yes
Description of options:
The initial contract term is 5 years with an initial value of £19.85m (including VAT). Modification options exist in the contract to increase the value of the 5 year initial term by up to £69.3m to a total maximum of up to £89.15m (including VAT).
The contract has further options to extend the term for up to 3 years or any portion of 3 years, and the value by a further £72.60m (including VAT). With all modifications and extensions included, the maximum potential total contract value is £161.75m (including VAT) and the maximum term is 8 years to 31 August 2033.
The possible modification options listed below provide scope options to support CFA's Theory of Change during contract delivery and do not represent a commitment from DESNZ at this time but may be integrated into the contract over the contract term. All options are subject to further governance controls, contract performance and the continuing needs of the contract.
1. 'Platform' delivery: enabling other UK government budget holders (e.g., FCDO) to secure CFA outputs in other countries where they are additional to the scope of the DESNZ business case.
2. Change in country prioritisation: flexibility to change CFA-supported countries in response to emergent threats and opportunities.
3. Contract extension to enable sustainable exit: flexibility to extend delivery in countries where embedding is likely to occur in the near future but the country does not have sufficient budget allocated.
4. Extension of CFA in existing countries: where CFA has demonstrable success, further funding could be made available to support a higher number of projects or to provide deeper capacity building support.
5. Expansion of technical assistance to financial institutions and other in-country investment vehicles: Boosting CFA's impact by expanding provision of support to relevant CFA stakeholders.
6. Technical support provided for additional sectors: Boosting CFA's impact by expanding provision of support to new sectors.
7. Enhanced direct offer to alumni projects to unlock investment opportunities: deeper support could include awarding grant funding, providing intermediation services, or supporting a deeper online presence to showcase deal opportunities.
II.2.13) Information about European Union funds
The procurement is related to a project and/or programme financed by European Union funds:
No